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The Contract to Sell Form is a crucial legal instrument in Nigerian commercial transactions, used when parties wish to formalize the terms of a sale before completing the transfer. This document is essential in both business-to-business and business-to-consumer contexts, providing a clear framework for the sale of goods, property, or assets. It should be used whenever there is a need to document the terms of a sale, protect the parties' interests, and ensure compliance with Nigerian law. The document includes key information such as party details, subject matter description, pricing, payment terms, delivery arrangements, and warranties. It is particularly important in high-value transactions or when the sale involves complex terms or conditions. The Contract to Sell Form must comply with Nigerian contract law, the Sale of Goods Act, and other relevant legislation, making it a legally enforceable document in Nigerian courts.

1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and registration details if companies

2. Background: Contextual information explaining the purpose of the sale and brief description of the subject matter

3. Definitions: Defines key terms used throughout the contract to ensure clarity and prevent ambiguity

4. Subject Matter of Sale: Detailed description of the property or goods being sold, including specifications, quantity, and condition

5. Purchase Price: States the agreed purchase price, payment terms, method of payment, and payment schedule if applicable

6. Conditions Precedent: Lists any conditions that must be satisfied before the sale becomes effective

7. Seller's Representations and Warranties: Statements of fact and guarantees made by the seller about the subject matter of sale

8. Delivery Terms: Specifies when, where, and how the subject matter will be delivered or transferred to the buyer

9. Risk and Title: Determines when risk and ownership transfer from seller to buyer

10. Default and Remedies: Outlines what constitutes default and the remedies available to either party

11. Governing Law: Specifies that Nigerian law governs the contract

12. Execution: Signature blocks and execution formalities